Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the FCF payout ratio high or low?
The FCF payout ratio of 12.40% is 20% below its 5-year average of 15.42%, near the low end of its 5-year range (12.40%–32.88%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.37% below its 12-month average of 13.10%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 12.40%.
FCF PAYOUT RATIO
12.40%
FCF PAYOUT RATIO AVG TTM
13.10%
FCF PAYOUT RATIO AVG 3Y
14.96%
FCF PAYOUT RATIO AVG 5Y
15.42%
FCF PAYOUT RATIO AVG 10Y
19.83%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-5.37%
CURRENT VS 3Y AVG
-17.10%
CURRENT VS 5Y AVG
-19.56%
CURRENT VS 10Y AVG
-37.46%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
12.4%
Earnings Payout Ratio
19.2%
Dividend Yield
0.79%
FCF Yield
6.51%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $531.04M | $70.88M | 13.3% |
| 2024 | $471.71M | $65.76M | 13.9% |
| 2023 | $355.99M | $61.88M | 17.4% |
FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-06-30 | 12.40% |
| 2026-03-31 | 13.14% |
| 2025-12-31 | 13.35% |
| 2025-09-30 | 13.16% |
| 2025-06-30 | 13.47% |
| 2025-03-31 | 13.94% |
| 2024-12-31 | 14.24% |
| 2024-09-30 | 17.84% |
| 2024-06-30 | 17.76% |
| 2024-03-31 | 17.56% |
| 2023-12-31 | 17.38% |
| 2023-09-30 | 15.01% |
| 2023-06-30 | 15.20% |
| 2023-03-31 | 14.45% |
| 2022-12-31 | 13.73% |
| 2022-09-30 | 15.24% |
| 2022-06-30 | 17.90% |
| 2022-03-31 | 21.72% |
| 2021-12-31 | 26.22% |
| 2021-09-30 | 32.88% |
| 2021-06-30 | 29.56% |
| 2021-03-31 | 25.10% |
| 2020-12-31 | 24.23% |
| 2020-09-30 | 21.93% |
| 2020-06-30 | 19.71% |
| 2020-03-31 | 23.08% |
| 2019-12-31 | 23.47% |
| 2019-09-30 | 23.44% |
| 2019-06-30 | 23.49% |
| 2019-03-31 | 23.20% |
| 2018-12-31 | 20.50% |
| 2018-09-30 | 19.10% |
| 2018-06-30 | 19.34% |
| 2018-03-31 | 18.06% |
| 2017-12-31 | 20.10% |
| 2017-09-30 | 21.77% |
| 2017-06-30 | 24.70% |
| 2017-03-31 | 25.44% |
| 2016-12-31 | 31.45% |
| 2016-09-30 | 27.07% |
| 2016-06-30 | 11.60% |
| 2016-03-31 | 5.24% |
| 2022 |
| $433.72M |
| $59.57M |
| 13.7% |
| 2021 | $181.28M | $47.53M | 26.2% |
| 2020 | $184.72M | $44.75M | 24.2% |
| 2019 | $187.28M | $43.95M | 23.5% |
| 2018 | $207.75M | $40.85M | 19.7% |
| 2017 | $194.39M | $36.84M | 18.9% |
| 2016 | $76.40M | $19.81M | 25.9% |
| 2015 | $71.68M | $0 | 0.0% |
| 2014 | $73.72M | $0 | 0.0% |
| 2013 | $80.05M | $0 | 0.0% |
| 2012 | $66.95M | $0 | 0.0% |
| 2011 | $51.40M | $0 | 0.0% |
| 2010 | $55.26M | $0 | 0.0% |
| 2009 | $64.61M | $0 | 0.0% |
| 2008 | $37.35M | $0 | 0.0% |
| 2007 | ($8.27M) | $0 | N/A (Loss) |
| 2006 | $21.84M | $0 | 0.0% |
| 2005 | $30.10M | $0 | 0.0% |
| 2004 | $37.00M | $0 | 0.0% |
| 2003 | $27.40M | $0 | 0.0% |
| 2002 | $19.07M | $0 | 0.0% |
| 2001 | $17.88M | $0 | 0.0% |
| 2000 | $12.57M | $0 | 0.0% |
| 1999 | $3.27M | $0 | 0.0% |
| 1998 | ($10.50M) | $0 | N/A (Loss) |
| 1997 | $1.60M | $0 | 0.0% |
| 1996 | $0.70M | $0 | 0.0% |
Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100
FCF payout and earnings payout:
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
